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Home Spouse Life Insurance Need Calculator

Home Spouse Life insurance Income Replacement Needs Analysis Calculator

Home Spouse Life insurance Income Replacement Needs Analysis Calculator

This Calculator will provide you with an estimate of the
amount of life insurance needed to replace a deceased work-at-home spouse's
contributions. The calculations assume life insurance proceeds are invested
at a rate you specify and that your purchasing power is retained based on your
assumed rate of inflation.

Step 1:
Enter the annual replacement income that would be needed to provide child
care,and all other household, educational, and domestic responsibilities
(before-tax).

Step 2 :
Enter the number of years that the replacement income will be needed by
the survivors, dependants, etc.

Step 3:
Please estimate the average annual interest rate you can earn on the invested
life insurance proceeds. (%)

Step 4:
Enter your estimate of the average annual inflation rate.
(The average
rate for the last 10 years has been approximately 3 %)

Click on "Compute" to calculate the amount
of life insurance, adjusted for inflation, that would be needed to replace
a deceased spouse's contributions: